I think it's pretty widely known that asset allocation is far and away the most important tool that we have available to us as investors.

我认为,人尽皆知,资产配置是,投资者可用的工具中,最重要的工具

耶鲁公开课 - 金融市场课程节选

Assets under management" is how much money he has drawn in from investors.

资产管理规模就是,他从投资者那里引进来多少钱

耶鲁公开课 - 金融市场课程节选